Kyriba Working Capital Network Benefits Fluor and its Suppliers During Pandemic Recovery
Summary
SAN DIEGO--(BUSINESS WIRE)--Kyriba, a leading cloud-based finance software network for CFOs and treasury leaders that enables global companies to maximize growth and reduce risk, announced its Working Capital Network offers finance solutions that have helped its clients and Fluor Corporation (NYSE:FLR), a global, publicly-traded engineering, procurement, construction (EPC) and maintenance company, optimize payment terms aiding Fluor and its suppliers during pandemic recovery. “Kyriba has a strong and long-standing relationship with Fluor, who is using our working capital solutions to increase cash flow—a critical driver for growth, especially during uncertain times,” said Jean-Luc Robert, Chairman and CEO of Kyriba. With the Kyriba Working Capital Network, buyers like Fluor can optimize their liquidity through simple programs that offset the cost of capital and provide early payments to their suppliers.” Global organizations use Kyriba to increase their liquidity by optimizing DPO or mobilizing idle cash to self-fund early payment discount programs, generating high returns of up to 15% APR. Based on a secure, highly scalable SaaS platform that leverages artificial and business intelligence, Kyriba enables thousands of companies worldwide to maximize growth opportunities, protect against loss from fraud and financial risk, and reduce costs through advanced automation. Kyriba is headquartered in San Diego, with offices in New York, Paris, London, Frankfurt, Tokyo, Dubai, Singapore, Shanghai and other major locations.
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